A team of CBRE Group Inc. brokers — including Denver’s Daniel Woodward, David Potart and Jordan Robbins — represented Carmel. It took the team less than 20 months to sell the portfolio, which included more than 8,000 units in 28 complexes. At the time, it was billed as “largest multifamily offering in the nation.” Industry experts put the price tag for the whole portfolio near $900 million.

“This really does mark the end of an era,” said BMC’s Matthew Joblon, CEO. “The guy was just epic. He molded the real estate landscape in Denver. We look forward to carrying on his legacy.”

Joblon said Carmel developed the 573-unit Spyglass in 1977 and since the company rarely sold the assets it built, it’s in “spectacular condition,” Joblon said.

“They never planned to sell ... so the capital investments made for a 40-year-old asset left it in incredible condition,” he said. “They ran such a tight ship this asset, compared to most its age, is unbelievable.”

Centerline Capital Group served as a Fannie Mae Delegated Underwriting and Servicing (DUS) lender. It was able to secure a $33 million Fannie Mae loan in 28 days.

“The timing of that, a Fannie Mae loan in 28 days start to finish, is tremendous,” Joblon said.

“BMC’s track record of finding attractive deals, their ability to execute on the repositioning, and their strong capitalization gave us confidence in this deal,” Suzie Cope, a Centerline senior vice president, said in a news release.

BMC plans $1.5 million in capital upgrades.

The deal caps a busy year for BMC, which earlier this year secured the land for a 12-story luxury apartment building at East First Avenue and Steele Street in Cherry Creek.

The company also bought 250 multifamily units in Colorado Springs, another 201 units in Denver and 517 units in Baltimore. Monday’s deal brings BMC’s holdings to more than 1,800 units.

Rosemont acquires and manages commercial office space, with current holdings at 16 million square feet worth $1.5 billion, according to the company. It bought the Cole Center, which was built in 1981, doing business as Rosemont Cole Operating LLC. Major tenants include Exempla Health Care, Re/Max Alliance, Academy Mortgage and others. The buildings were 87 percent leased at the time of the sale.

The company also owns two other business parks in metro Denver, Central Place 13900 E. Harvard Ave, Aurora and Diamond Hills, 2490 West 26th Ave., Denver.

In other metro Denver commercial real estate deals, according to brokers and public records:

• Western Pacific Building Materials Inc. bought the 75,000-square-foot industrial building at 320 S. Lipan St. in Denver from Kornfel Properties for $3.75 million, according to CoStar Group Inc. Jim Gruber of Gruber Commercial Real Estate Services represented both parties.